The bond rally that began three years ago has yielded double digit returns for investors in long-term bond funds. From 10-year gilt levels of 9.5% to below 7% now, the rally has been steady.
Investors who took the plunge when we made a rather early call with dynamic bonds in October 2012 earned 11% annualised return. The scenario in debt is therefore not too different from that of equity markets when valuations are steep.
Click here to read more>>
